How much we charge and how we charge is much debated in our business. Should we all work on an hourly rate and send out bills like accountants and solicitors? Is it fair that those with most invested pay most because our fees are a %age of clients’ funds? But then would smaller clients get advice if we did it another way? Failed online advice company Moola is proof that cheap and cheerful is often not so cheerful. £1.35m of costs for £900 turnover? That doesn’t help anyone.
“Global stock markets fall sharply amid fears over inflation and China slowdown”
Diesel at my local filling station now costs over £7.50 a gallon (kids etc.). Not my problem these days, but I’m sadly old enough to remember the furore in the 1970s when the price went up to 50p a gallon.